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EXHIBIT 21
to Registrant's Report on Form 10-K
for the year-ended June 30, 2000
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SUBSIDIARIES OF THE REGISTRANT Jurisdiction
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Baldwin Americas Corporation Delaware
Baldwin Europe Consolidated Inc. Delaware
Baldwin Asia Pacific Corporation Delaware
Baldwin Technology Limited Bermuda
Baldwin Document Finishing Systems, Inc. Delaware
SUBSIDIARIES OF BALDWIN AMERICAS CORPORATION
Baldwin Technology Corporation Connecticut
Baldwin Enkel Corporation Delaware
Baldwin Graphic Systems, Inc. Delaware
SUBSIDIARIES OF BALDWIN TECHNOLOGY CORPORATION
Baldwin Kansa Corporation Kansas
SUBSIDIARIES OF BALDWIN ENKEL CORPORATION
Enkel Foreign Sales Corporation US Virgin Island
SUBSIDIARIES OF BALDWIN EUROPE CONSOLIDATED INC.
Baldwin Europe Consolidated BV Netherlands
SUBSIDIARIES OF BALDWIN EUROPE CONSOLIDATED BV
Baldwin Graphic Equipment BV Netherlands
Baldwin German Capital Holding GmbH Germany
Baldwin U.K. Holding Limited United Kingdom
Baldwin Sweden Holding AB Sweden
Baldwin France Sarl France
SUBSIDIARIES OF BALDWIN GERMAN CAPITAL HOLDING GMBH
Baldwin Grafotec GmbH Germany
Baldwin International Products GmbH Germany
SUBSIDIARIES OF BALDWIN U.K. HOLDING LIMITED
Baldwin (UK) Ltd. United Kingdom
Acrotec UK Ltd. United Kingdom
SUBSIDIARIES OF BALDWIN SWEDEN HOLDING AB
Baldwin Amal AB Sweden
Baldwin IVT AB Sweden
Baldwin Jimek AB Sweden
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SUBSIDIARIES OF ACROTEC UK LTD.
Baldwin Globaltec Ltd. United Kingdom
SUBSIDIARIES OF BALDWIN ASIA PACIFIC CORPORATION
Baldwin Asia Pacific Ltd. Hong Kong
Baldwin Japan Ltd. Japan
Baldwin Printing Control Equipment (Beijing) Company, Ltd. China
Baldwin Printing Equipment (Shanghai) Company, Ltd. China
BAP VC Limited British Virgin Islands
SUBSIDIARIES OF BALDWIN ASIA PACIFIC LTD
Baldwin Graphic Equipment Pty. Ltd. Australia
Baldwin Printing Controls Ltd. Hong Kong
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